EXOR DELIVERS 23% GROWTH IN NAV PER SHARE IN H1,
OUTPERFORMING MSCI BY 11 p.p.

€1 BILLION BUYBACK PROGRAM ANNOUNCED
WITH TENDER OFFER AT UP TO 10% PREMIUM

• Exor reports NAV of €34.2 billion at 30 June 2023. NAV per share increased 22.8% over the first half of 2023, while outperforming the MSCI World Index by 11.3 p.p., mainly driven by the market performance of Listed Companies.

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG; AEX: PHIA), a global leader in health technology, and Exor N.V. (AEX: EXO), the Netherlands-based diversified holding company, announce they have entered into a relationship agreement as a result of which Exor has bought a 15% shareholding in Philips.

Impala and Exor will partner through a new joint holding company, TagHolding, which will become TagEnergy’s largest single shareholder

Impala, the investment firm controlled by Jacques Veyrat and his family, and Exor N.V. (“Exor”), the diversified holding company controlled by the Agnelli family, announced today that they have joined forces to further develop TagEnergy, a fast-growing company operating in the renewables and energy storage sectors.

EXOR N.V. (“Exor” or the “Company”) announces that all the resolutions proposed by the Board of Directors to the Annual General Meeting of Shareholders (the “AGM”) held in Amsterdam were approved.

The Chairman and Senior non-executive director of Exor, Ajay Banga, has submitted his resignation today following his nomination as the next President of the World Bank.

As previously announced, Nitin Nohria will be proposed as Exor's new Chairman at the next Annual General Meeting of the Company which will take place on Wednesday 31st May 2023.

Exor CEO John Elkann will act as interim Chairman until Mr. Banga's successor is nominated.

NITIN NOHRIA NOMINATED NEW CHAIRMAN, SUCCEEDING AJAY BANGA